Ökoworld AG, a leading sustainable investment firm, has announced its expansion strategy with a focus on environmentally responsible companies. The firm is investing selectively in the textile industry, a sector notorious for its significant environmental impact, accounting for 10% of global greenhouse gas emissions according to a 2022 Greenpeace study. One of its notable investments is in ThredUp, a US-based company operating an online platform for second-hand clothing. This move aligns with Ökoworld's commitment to sustainability, as ThredUp offers comprehensive logistics and warehousing services, focusing on women's and children's textiles. In the US, where 73% of used clothing is either landfilled or incinerated, ThredUp and studies by the Ellen MacArthur Foundation highlight that 95% of discarded textiles are still wearable or suitable for recycling and upcycling. Ökoworld's strategy underscores its dedication to supporting eco-friendly business practices.
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